Strategic
partnership aims to combine European technology with Indian engineering and
manufacturing capabilities
Pune :
Abhijeet Dies & Tools Pvt. Ltd., India, and INEVO S.r.l., Italy, today
formally signed off on their strategic Joint Venture, Abhinevo Technologies
Private Limited, marking a significant step in India–Italy industrial and
technology collaboration. The new venture will focus on developing,
engineering, manufacturing and commercialising advanced moulds, tooling and
manufacturing technology solutions, initially targeting the automotive and
plastics-processing industries.
The
Joint Venture brings together Abhijeet’s more than four decades of experience
in tooling, engineering and plastics manufacturing with INEVO’s European
expertise in high-precision injection mould technology, advanced surface
applications and next-generation automotive manufacturing solutions.
The
partnership aims to progressively localise sophisticated manufacturing
technologies in India and create an integrated capability covering the complete
manufacturing value chain — from product and process engineering, tool design
and simulation to tool manufacturing, trials, validation, industrialisation and
production support.
The
formal sign-off ceremony in Pune marks the beginning of a structured, long-term
collaboration focused on technology development, capability building and
manufacturing localisation in India.
Mr.
Jayamurugan Thangavel, CEO, Abhijeet Group, said, “This Joint Venture marks an
important step towards technology-led manufacturing. By combining INEVO’s
specialised European technology with Abhijeet’s engineering and manufacturing
capabilities, we aim to build advanced capability in India and create a
platform serving Indian and global customers.”
Mr.
Abhijeet Raut, Director, Abhijeet Dies & Tools Pvt. Ltd., said, “The real
value of this partnership will be in taking advanced technologies from concept
to industrialisation. Through Abhinevo, we aim to give customers access to
sophisticated tooling and manufacturing solutions with closer engineering
collaboration, faster development and globally benchmarked quality—converting
technology into robust, repeatable and commercially viable manufacturing
solutions.”
INEVO,
which became an independent company in 2020 following the spin-off of the mould
division of INglass, has tooling heritage dating back to 1987. The company
specialises in sophisticated injection moulds and plastic processing
technologies, with capabilities spanning multi-material and multi-colour
moulding, automotive lighting tooling, In-Mould Decoration (IMD), In-Mould
Labelling (IML), injection on decorative and functional foils and advanced
surface technologies.
INEVO
has an international customer base and reports an export share of more than
80%, with more than 100 injection tools produced annually.
Mr.
Roberto Fagarazzi, Managing Director – Sales, INEVO S.r.l., said, “India is
becoming increasingly important in the global automotive manufacturing
landscape, and customers are looking for greater localisation without
compromising technology, quality or manufacturing performance. We see a strong
opportunity to bring INEVO’s experience in advanced moulds, multi-material
technologies, smart surfaces and industrialisation closer to this market.”
“Abhijeet
has a strong tooling and manufacturing foundation, engineering resources and an
established automotive presence. The combination of INEVO’s specialized
technology with Abhijeet’s manufacturing expertise creates a strong platform
for long-term development. Our ambition is to develop solutions together in
India, build local technical competence and progressively create opportunities
that can serve customers both in India and internationally,” he added.
The
initial technology focus of Abhinevo Technologies will include 2K and
multi-component mould technology, PUR-based advanced surface technologies, IMD,
IML, In-Mould Coating, functional and decorative film integration, advanced
mould engineering, process simulation and optimisation and other high-precision
tooling solutions.
The
technologies are expected to support applications such as automotive interiors
and exteriors, decorative and functional components, smart surfaces and other
complex plastic components. Depending on the application, advanced processes
can enable greater design flexibility, functional integration, improved surface
quality, dimensional consistency, process repeatability and reduced secondary
operations.
The
Joint Venture is also expected to strengthen India’s manufacturing ecosystem by
bringing specialised technology and engineering capabilities closer to domestic
automotive OEMs and Tier-1 suppliers. By developing advanced tooling and
process capabilities locally, the partnership aims to support shorter
development cycles, faster trials and modifications, greater localisation and
improved access to globally benchmarked manufacturing solutions.
Crescendo
Worldwide played a key role in facilitating the partnership journey between
Abhijeet Dies & Tools Pvt. Ltd. and INEVO S.r.l. Starting in early 2025,
Crescendo Worldwide worked closely with Abhijeet to identify and engage with
potential international technology partners, conducted discussions with
multiple prospective companies on Abhijeet’s behalf, and facilitated
introductions and business engagements. Crescendo Worldwide also coordinated
visits and meetings with potential partners, supporting the evaluation and development
of the collaboration. Following these engagements, Crescendo facilitated the
introduction and subsequent signing of the Memorandum of Understanding (MoU)
between Abhijeet Dies & Tools and INEVO in India in June 2025. The
collaboration subsequently progressed towards the establishment of Abhinevo
Technologies Private Limited, with the Joint Venture formally signed in
September 2026.
Mr.
Luigi Cover, CEO, INEVO S.r.l., along with Mr. Roberto Fagarazzi, MD, Mr.
Andreas Popp, MD, INEVO GmbH, Mr. Nikhil Raut, Director, and Mr. Abhijeet Raut,
Director, along with senior representatives of Abhijeet Dies & Tools,
attended the occasion.
The
organisers sincerely thank Ms. Palak Sahni from the Italian Trade Agency (ITA),
New Delhi, for joining the ceremony virtually and witnessing the formal signing
of this significant India–Italy Joint Venture.
Representatives
of Crescendo Worldwide, including Mrs. Jalpa Jadhav and Mr. Makrand Kolekar,
are also associated with the partnership and attended the occasion.
Mr.
Nikhil Raut, Director, Abhijeet Dies & Tools Pvt. Ltd., said, “This
partnership is more than a business agreement. It brings together two
companies, cultures and capabilities with a shared ambition to create something
meaningful and long-lasting, built on trust, teamwork and mutual respect.”
He
added, “The true success of Abhinevo will be measured by what our teams create
together, the value we deliver to customers and the trust we build over the
years ahead.” The JV intends to progressively serve Indian and international
markets.